Fintech startup Three Wheels United (TWU), that provides financing for electric vehicles (EVs), raised $10 million in Series A led by Delta Corp Holdings where existing investor Techstars, along with new ones such as Grip Invest with a few investors in the Middle East and Europe also participated.
Three Wheels United provides EV two and three-wheeler financing. TWU also provides micro-entrepreneurs with loans to help them transition to electric vehicles. With the capital infusion, the startup hopes to expand to new geographies both within India and abroad. TWU will also look to strengthen operations in existing cities, as well as improve its technology platform and customer acquisition.